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"The notion that every well educated person would have a mastery of at least the basic elements of the humanities, sciences, and social sciences is a far cry from the specialized education that most students today receive, particularly in the research universities."
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"The most important duty of a teacher is to not only teach but to also inspire and enhance the desire for learning."
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Explore more quotes by Joseph E. Stiglitz
"Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist."
"Amherst is a liberal arts college, committed to providing students with a broad education."
"My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth."
"But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs."
"Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring youngster: why did these exist, and what could we do about them."
"I grew up in a family in which political issues were often discussed, and debated intensely."
"Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with every day observation."
"Economists often like startling theorems, results which seem to run counter to conventional wisdom."
"As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability - the difficulty that those who pay for information have in getting returns."
"There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists."
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